Invest Hong Kong, Guangzhou promote Taiwan enterprises

Invest Hong Kong and the Guangzhou government co-organised a seminar in Taipei to promote their business advantages and how these can benefit Taiwan companies'  expansion into Hong Kong and Mainland China.

The seminar was entitled "Reaching Mutual Success for Taiwan, Hong Kong and Guangzhou".

At the end of 2010, Taiwan was Hong Kong's fourth largest trading partner with a total trade value amounting to over HK$290 billion or US$37 billion. According to a survey conducted by the Hong Kong Special Administrative Region Government, as at June 1, 2010, the number of regional headquarters, regional offices and local offices in Hong Kong representing parent companies located in Taiwan were 30, 184 and 238 respectively.

     Some notable Taiwanese companies, including Foxconn, U-Presid China, Want Want, Tingyi, Fubon Bank and Tomson Group have been doing business in Hong Kong for decades, and many of them have publicly listed in the city. Apart from these larger corporations, there are many other Taiwanese companies doing business in Hong Kong in various sectors such as financial services, logistics and food and beverage.

 Deputy Director General, Bureau of Foreign Trade and Economic Cooperation of Guangzhou Municipality, Ms Yuan Yue, said, "Guangzhou and Taiwan have established close and steady ties in economic exchange and trade cooperation.